Sterling Drops on Surprise UK GDP Contraction, Dollar Strengthens

US stock futures have jumped in a relief rally following release of October US CPI data, which, while showing an uptick in headline inflation and steady core inflation, stayed within expectations. This in-line report eases fears of an inflation surprise that could disrupt Fed’s gradual easing path. Market sentiment has therefore strengthened, with Fed fund […]

Dollar weakened broadly last weeks market expectations on Fed’s policy path shifted dramatically. The June US CPI report continued the narrative painted by the previous week’s Non-Farm Payroll data, both suggesting further cooling in economic activity and easing price pressures. These developments have firmly positioned a September Federal Reserve rate cut as a near certainty […]

Dollar rebounds broadly in early US session following stronger-than-expected employment data. Despite a slight uptick in unemployment rate, robust headline job growth and wage increases highlighted the US job market’s continued tightness. This suggests that Fed should remain cautious about premature policy easing. In reaction to the data, US futures tumbled significantly, pointing to a […]